<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>4
<FILENAME>y61422exv21.txt
<DESCRIPTION>SUBSIDIARIES
<TEXT>
<PAGE>
                                                                      Exhibit 21

         SUBSIDIARIES OF THE REGISTRANT

<TABLE>
<CAPTION>
                                                           STATE OR OTHER JURISDICTION OF
         NAME, ADDRESS AND TELEPHONE NUMBER                INCORPORATION OR ORGANIZATION
         ----------------------------------                -----------------------------
<S>                                                        <C>
         Amscan Inc. ...............................       New York
         Trisar, Inc. ..............................       California
         Am-Source, LLC.............................       Rhode Island
         Anagram International, Inc. ...............       Minnesota
         Anagram International Holdings, Inc........       Minnesota
         Anagram International, LLC.................       Nevada
         M&D Balloons, Inc. ........................       Delaware
         SSY Realty Corp. ..........................       New York
         JCS Realty Corp. ..........................       New York
         Anagram Eden Prairie Property Holdings LLC.       Delaware
</TABLE>


The address of these subsidiaries is 80 Grasslands Road, Elmsford, New York
10523. Their telephone number is (914) 345-2020.


</TEXT>
</DOCUMENT>